noly answer, no need explain

Which of the following is NOT an advantage of international trade?

A. Increases the variety of goods and services.

B. Increases national income and improves standard of living.

C. Increase competition and hence improves the quality of products.

D. To protect infant industries.

Which of the following is NOT a trade barrier:

A. Fixed exchange rate regime.

B. Import tariffs.

C. Import quota.

D. Export subsidy.

The fall in import quota will

A. reduce the price of imported goods.

B. increase the price but decrease the quantity of imported goods.

C. increase the price and quantity of imported goods.

D. increase the supply of imported goods.

A country is said to have absolute advantage of trade if it can

A. produce at a lower opportunity cost.

B. produce at a higer opportunity cost.

C. produce less goods or services as compared to other countries.

D. produce more goods or services as compared to other countries.

Open market operations are

A. the process by which money enters into circulation.

B. the buying and selling of government bonds/securities to change the supply of money.

C. reserves greater than the required amount.

D. rates of interest bank charges on short-term loans to their best customers.

"If the money supply increases, "

A. interest rate will increase and consequently decrease aggregate demand.

B. interest rate will increase and consequently increase aggregate demand.

C. interest rate will decrease and consquently decrease aggregate demand.

D. interest rate will decrease and consequently increase aggregate demand.

Which of the following is a monetary policy to combat a recession?

A. cutting taxes.

B. increasing money supply.

C. increasing government spending.

D. decreasing money supply.

When the central bank adopts expansionary monetary policy,

A. AD falls and this will reduce the price level and real GDP.

B. SAS rises and this will increase the price level and reduce real GDP.

C. AD rises and this will increase the price level and real GDP.

D. AD rises and this will increase the price level and reduce real GDP.

"If yesterday exchange rate is US$1 = S$1.33 and today exchange rate is US$1 = S$1.45, this means that __________ ."

A. US$ has depreciated against S$.

B. S$ has appreciated against US$.

C. S$ has depreciated against US$.

D. the value of S$ remains the same against US$.

The foreign exchange rate market is at equilibrium when

A. demand for S$ is less than the supply of S$

B. demand for S$ is more than the supply of S$.

C. demand for S$ is equal to the supply of S$.

D. demand for S$ is not related to the supply of S$.

In fixed exchange rate policy, the exchange rate is determined by

A. the market forces of demand and supply of domestic/foreign currencies.

B. the central bank and the latter will intervene in the foreign exchange rate market by buying or selling domestic/foreign currencies to keep the exchange fixed at a pre-determined level.

C. changes in interest rates.

D. changes in the price level.